In anticipation of an audit of borrowing by three Mozambican companies afforded questionable sovereign guarantees, this paper examines their debts and considers how the government and its creditors might extricate themselves from the current crisis.

Paul Adams examines the origins and purpose of the Nigerian federation, state governments’ financial management and responsibilities, governors’ arbitrary power, and the need to increase internally generated state revenue.

On 30 November 2015, a landmark judgement saw Standard Bank fined US$25.2 million. Nick Branson considers whether this level of reparations is appropriate, and how those implicated might be held to account for their actions.

BudgIT was founded in 2011 and aims to enable Nigerian citizens and policymakers to hold government to account for revenue and expenditure decisions through analysis of public data. ARI spoke to its founder, Oluseun Onigbinde.